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17017274 No.17017274 [Reply] [Original]

Hi Anons,

How's the current state of derivative trading on exchanges? I'm US based and wondering if I should get my feet wet with derivatives.

The two popular options I see are LedgerX and OKEX. Apparently LedgerX is institutional and backed by the Feds while OKEX is ostensibly world-wide (maltese?)

Both these options I'm assuming are custodial in the sense that they hold your crypto for you. If this is the case, LedgerX may be better since I may have more recourse over lost/stolen funds. Not sure about OKEX.

Are there any non-custodial exchanges that offer reasonably liquid markets for derivatives? Is getting into cryptocurrency derivatives even sensible at the moment?

Thank you anons :)

>> No.17018025
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17018025

>>17017274
>LedgerX
Use their Omni product
Lowest contract is 1/100th of BTC
https://data.ledgerx.com/2020/01/27

Learn to trade BTC options from the best - Trace Mayer
https://www.youtube.com/watch?v=QF2NTyjAPUo

I was looking into LedgerX, I would use them but the fund I invest through would need to setup a company to do it, so for now I'll just hodl.

The benefit of LedgerX is that its 100% backed and cash settled with a $25 million exchange fund regulated by the CFTC.

You ever traded options before?